Suzlon Energy is currently trading at Rs. 21.65, up by 2.50 points or 13.05% from its previous closing of Rs. 19.15 on the BSE.
The scrip opened at Rs. 22.60 and has touched a high and low of Rs. 22.65 and Rs. 21.10 respectively. So far 15572462 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 36.80 on 12-Jun-2014 and a 52 week low of Rs. 9.50 on 27-Mar-2014.
Last one week high and low of the scrip stood at Rs. 22.65 and Rs. 16.10 respectively. The current market cap of the company is Rs. 7367.80 crore.
The promoters holding in the company stood at 30.94% while Institutions and Non-Institutions held 33.68% and 35.14% respectively.
Dilip Shanghvi, India’s second richest person and promoter of Sun Pharmaceuticals, has acquired 23% stake in Suzlon Energy for an equity investment of Rs 1,800 crore, giving the stressed wind turbine maker a fresh dose of fund infusion.
Shanghvi will also collaborate with Suzlon for developing a 450-Mw wind farm in a 50:50 joint venture and will help it in raising non-fund working capital for projects. Shanghvi, who runs India’s largest pharma company, is being viewed as a white knight to Tulsi Tanti, group chairman of Suzlon, which has been plagued with massive debt and steep losses.
